BUSINESS
India Opposes Pakistan Loan; Parameswaran Iyer to Voice Concerns at Upcoming IMF Meeting
This follows the sudden removal of Krishnamurthy Subramanian from his position at the IMF, even when he had six months left on his term.
India Halts All Imports from Pakistan Amid Escalating Tensions
The Commerce Ministry had issued a notification to the effect, "Direct or indirect import or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise allowed, will be prohibited with immediate effect, until further orders."
India’s Forex Reserves Cross $688 Billion Milestone
The foreign exchange portion of the reserves increased, rising by $2.17 billion to $580.66 billion. Gold reserves, however, went down by $207 million to $84.37 billion, while Special Drawing Rights (SDR) increased by $21 million to $18.59 billion.
Swiggy Shares Plunge Over 43% in 2025, Hit 52-Week Low
The stock of the company has been facing consistent pressure downwards, with a 5.4% fall being recorded over the last three sessions—indicating increasing investor worry.
Export Demand Drives India's Manufacturing Activity to 10-Month High
A PMI reading above 50 signals expansion, while a score below that threshold indicates a contraction in manufacturing activity.
Record GST collection showcases resilience of Indian economy, Says FM Sitharaman
April's total GST collection was Rs 2.36 lakh crore, a 12.6% rise compared to April 2024's Rs 2.10 lakh crore. April 2025 net GST collection was Rs 2.09 lakh crore, a 9.1% increase compared to Rs 1.92 lakh crore collected in April 2024.
India's media & entertainment industry to reach $100 bn within next decade, Says Mukesh Ambani
Addressing the opening session of the WAVES 2025 conference, Ambani underscored that the intersection of storytelling and advanced digital technology is a potent economic and cultural force for the country.
India-US Trade Agreement Progressing, Final Details Pending: Top Official
Talks regarding a possible U.S.-India trade agreement have attracted considerable attention in both U.S. media and policy communities, with many speculating that it might be the first trade agreement to be announced ahead of President Donald Trump's 90-day halt on the implementation of broad tariffs on most of America's trading partners.
Gold Prices Could Reach $3,300 per Ounce in 2025 Amid Global Economic Concerns
The report, put together by Capitalmind Financial Services Private Limited, states that these concerns have revived demand for gold as a safe asset, especially when equity markets see a correction.
Akshaya Tritiya 2025: Gold Sales Hit ₹12,000 Crore, Silver Follows at ₹4,000 Crore
Besides the gold rush, silver too reported high sales figures, with the trade volume being around Rs 4,000 crore, according to CAIT's estimate.
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